Trump tells 60 Minutes "I know nothing about it" when pressed on UAE-linked investors in World Liberty Financial, the crypto firm he co-owns and his sons run

President Donald Trump said on CBS's 60 Minutes that he knows nothing about the foreign money in World Liberty Financial, the crypto company he co-owns and his sons run. The interview aired on Sunday night.

Interviewer Ross Douthat noted that the company is partly owned by investors connected to the UAE government and asked whether Trump would call the same arrangement corrupt if it involved Joe Biden. "Because I know nothing about it," Trump replied. Pressed on why he does not simply divest, he said most of his money is given to the biggest firms on Wall Street to invest, that his sons run the company, and that it is hard to tell them not to do anything for four years because he is president.

The Wall Street Journal has reported that an investment vehicle backed by UAE national security adviser Sheikh Tahnoon bin Zayed al Nahyan bought a 49% stake in World Liberty for $500 million shortly before Trump's inauguration, The Block notes.

The question is not going away. Tron founder Justin Sun, who says he put $45 million into WLFI tokens, is asking a court to sanction World Liberty, arguing it did not disclose until months into their legal dispute that entities in its ownership structure had UAE citizenship.